FuelCell Energy (NASDAQ:FCEL) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Friday, June 11, 2021 | MarketBeat

FuelCell Energy (NASDAQ:FCEL) announced its quarterly earnings results on Thursday. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.05) by ($0.01), RTT News reports. FuelCell Energy had a negative net margin of 136.60% and a negative return on equity of 39.99%. During the same period last year, the business earned ($0.07) EPS.

Shares of FCEL stock opened at $10.06 on Friday. The company has a fifty day moving average of $9.88. The company has a current ratio of 5.25, a quick ratio of 4.08 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of -27.19 and a beta of 5.03. FuelCell Energy has a one year low of $1.58 and a one year high of $29.44.

In related news, Director John Christopher Groobey sold 16,000 shares of the business's stock in a transaction on Friday, April 9th. The stock was sold at an average price of $12.56, for a total value of $200,960.00. Following the sale, the director now owns 84,979 shares of the company's stock, valued at approximately $1,067,336.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer D. Arasimowicz sold 8,000 shares of the business's stock in a transaction on Tuesday, April 6th. The stock was sold at an average price of $13.46, for a total value of $107,680.00. 0.06% of the stock is owned by insiders.

FCEL has been the subject of several research reports. B. Riley assumed coverage on FuelCell Energy in a report on Friday, April 16th. They set a "neutral" rating and a $11.00 price target for the company. Zacks Investment Research upgraded FuelCell Energy from a "strong sell" rating to a "hold" rating in a report on Wednesday, June 2nd. Wells Fargo & Company assumed coverage on FuelCell Energy in a report on Monday, April 19th. They issued an "underweight" rating and a $9.00 target price for the company. JPMorgan Chase & Co. dropped their price target on FuelCell Energy from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Friday, March 5th. Finally, Northcoast Research assumed coverage on FuelCell Energy in a research report on Tuesday, March 30th. They issued a "neutral" rating on the stock. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. FuelCell Energy presently has a consensus rating of "Hold" and a consensus target price of $10.92.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and carbon utilization, as well as micro-grid and multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

See Also: Understanding Market Liquidity

Earnings History for FuelCell Energy (NASDAQ:FCEL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What is diluted earnings per share (Diluted EPS)?


7 Forever Stocks That Are Never Bad to Buy

Investors thought 2021 would be a less volatile year. That narrative has run into some problems. Sure, all the major indexes are up for the year. And that’s despite the NASDAQ’s gut-wrenching 10% drop in March.

But many investors don’t feel much like celebrating. In fact, many are concerned about the liquidity that continues to be pumped into the stock market. In 2020, the pandemic flooded the economy with $6 trillion dollars of stimulus.

However, in the last few months, the Federal Reserve has introduced another $6 trillion into the economy. We would have stopped counting, but the math is pretty easy. It’s $12.3 trillion that has flooded into the economy.

Eventually, this is going to end badly. But timing the market is an imperfect science particularly when many investors are enjoying the game.

Fortunately, there’s a way to safeguard your portfolio without abandoning equities. That has to do with investing in forever stocks. Forever stocks aren’t magic beans. They don’t go up forever. But they are stocks that have stood the test of time. And investing in these stocks will keep your portfolio heading in the right direction.

With that in mind, we’ve put together this special presentation that showcases seven of these forever stocks. These are all stocks that are household names, but that’s kind of the point. You don’t need special knowledge. You just have to recognize that these are companies that consistently do right by their shareholders.

View the "7 Forever Stocks That Are Never Bad to Buy".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.